Assemblymen Cusick: Iran Divestment Act of 2012 Passes Assembly

January 9, 2012

“The Iran Divestment Act of 2012, which I helped pass in the Assembly today, would prohibit New York State from doing business with companies that invest in Iran’s energy sector.

“This legislation renews New York’s commitment in the fight against terrorism, taking a bold stand and sending a message loud and clear that our great state will not help fund Iran’s pursuit of nuclear weapons. Under our bill, people, businesses and organizations that invest substantial sums of money in the Iranian energy sector would be identified by the state Office of General Services and prohibited from doing business with state and local governments, helping keep taxpayer money out of the hands of known international terrorists.”